Keppel Dc Reit · SGX:AJBU
Keppel Dc Reit — Shareholder Meeting (April 2023)
16 slides from Keppel Dc Reit's shareholder meeting presentation, Apr 19, 2023
Slide 1: Annual General Meeting
Annual General Meeting 19 April 2023
Slide 2: FY 2022 Key Highlights
FY 2022 Key Highlights Sustainable Resilient & Diversified Healthy Balance Financial Growth Portfolio Sheet Higher Distributable Income Assets under Management (AUM) Aggregate Leverage3 $184.9m $3.7b 36.4% for FY 2022, 7.7% higher y-o-y, due mainly to as at 31 Dec 2022, an increase from $3.4b as at
Slide 3: Value Creation with DPU Accretive Acquisitions
Value Creation with DPU Accretive Acquisitions London Data Centre, United Kingdom Guangdong Data Centres 2 & 3, China • Strengthened foothold in London, a top global data • Strengthened presence in Asia Pacific centre hub • Located within the Greater Bay Area, one of China’s • Located in Bracknell,
Slide 4: Unit Price Performance (IPO – FY 2022)
Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Unit Price Movement (%) Jun-2016 Sep-2016 KDCREIT Dec-2016 Source: Bloomberg Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 STI Index Jun-2018 • Total Unitholder Return since IPO: 152.3% Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 FSTREI Index Dec
Slide 5: Unit Price Performance (1Q 2023)
Unit Price Performance (1Q 2023) • Total Unitholder Return: 19.3% Unit Price Movement (%) KDCREIT: +15.1% FSTREI: +2.0% STI: +0.4% Jan-2023 Jan-2023 Jan-2023 Feb-2023 Feb-2023 Mar-2023 Mar-2023 FSTRE: +0.4% KDCREIT STI Index FSTREI Index FSTRE Index Source: Bloomberg 5
Slide 6: 1Q 2023 Updates
1Q 2023 Updates [Keppel peat ow A
Slide 7: 1Q 2023 Key Highlights
1Q 2023 Key Highlights Resilient financial performance underpinned by quality portfolio • Distributable income and DPU for 1Q 2023 increased by 4.1% and 3.0% year-on-year respectively, mainly due to contributions from acquisitions and proactive asset management • Majority of rental income is derived
Slide 8: Higher Distributable Income and DPU
Higher Distributable Income and DPU 1Q 2023 vs 1Q 2022 Distributable Income ($’000)1 Distribution Per Unit (cents)2 • Higher distributable income and DPU were mainly due to: +4.1% +3.0% 2.541 o Increase in gross revenue from the acquisitions of 46,344 Guangdong Data Centre 2 & building shell of Guan
Slide 9: Favourable Debt Profile
Favourable Debt Profile • Debt is diversified across five currencies, with the bulk of debt expiring from 2026 and beyond. By Apr 2023, completed the refinancing of all loans due in 2023 • Healthy aggregate leverage provides debt headroom for growth opportunities Debt Maturity Profile As at Change f
Slide 10: Prudent Management of Borrowing Costs and Impact of Currency Fluctuations
Prudent Management of Borrowing Costs and Impact of Currency Fluctuations Majority of loans fixed through interest rate Debt currency breakdown Investment properties breakdown2 swaps (as at 31 Mar 2023) (as at 31 Mar 2023) Floating Italy Ireland Fixed 27% 8.1% 1.5% Debt EUR 73% Netherlands 39.0% 6.6
Slide 11: Diversified Portfolio of Quality Data Centres
Diversified Portfolio of Quality Data Centres • Maintained high portfolio occupancy of 98.5% as at 31 Mar 2023 • Healthy WALE of 8.2 years as at 31 Mar 2023 • Built-in income and rental escalations based on Consumer Price Index or similar indexation, or fixed rate mechanisms embedded in more than ha
Slide 12: High-quality Global Client Base
High-quality Global Client Base • Majority of rental income is derived from clients with investment grade or equivalent credit profiles Rental Income by Trade Sector Rental Income by Type of Contracts Top 10 Clients by Rental Income (for the month of Mar 2023)1 (for the month of Mar 2023)1 (for the
Slide 13: ESG Highlights
ESG Highlights Environmental Stewardship • Progressive implementation of Taskforce on Climate-related Financial Disclosures Responsible Business (TCFD) recommendations • Dedicated Board ESG Committee • Renewable electricity procured for both Dublin assets; Supportive of initiatives to Environmental
Slide 14: Demand Underpinned by Strong Market Fundamentals
Demand Underpinned by Strong Market Fundamentals • Data centre demand continues to be driven by long-term trends including adoption of cloud computing, digital transformation initiatives; and artificial intelligence (AI) & machine learning (e.g. generative AI including ChatGPT) • Worldwide cloud mar
Slide 15: Focused on Growing Data Centre Portfolio
Focused on Growing Data Centre Portfolio Keppel DC REIT Assets under Management $3.7b 1 9 1 Singapore • Keppel DC Singapore 1 2 Australia • Gore Hill Data Centre, 23 data centres across 9 countries • Keppel DC Sydney 8 3 Singapore 2 • Intellicentre as at 31 Mar 2023 • Keppel DC Campus, 5 Singapore 3
Slide 16: Thank You
Thank You Important Notice: The past performance of Keppel DC REIT is not necessarily indicative of its future performance. Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking” statements due to a number of risks, uncertainties